10555 109th St, Largo, FL 33778
3 beds · 1 baths · 1,311 sqft
Beautifully updated 3 bedroom 1 bathroom home on a huge lot in Tropical Groves. This tastefully updated and decorated home features an open floor plan with a spacious open kitchen. The main living area is light and bright with lots of natural sunlight and a beautiful cove ceiling. Wood plank style ceramic tile flooring is featured throughout the main living areas of the home. The large updated kitchen features stainless steel appliances, granite counter tops and high quality soft close wood cabinetry with sleek modern hardware. The bathroom was updated in 2018 with a new bathtub / shower and vanity with a modern faucet and granite counter top. From the living area step through to what can be used as a study / reading area / office or dining room. From this area French doors lead out to a huge fenced back yard with patio, storage shed and fire pit. There is plenty of room for a pool, play set and space to create your own private oasis. Other features include a covered car port which could easily be enclosed and turned into a garage. Inside air conditioned laundry room with newer appliances. The AC and roof were replaced in 2018 and the home has new guttering. The home is ideally located close to shopping, restaurants, parks, Seminole City Center and only 10-15 minutes drive to the beautiful Gulf Beaches. *Did not flood or sustain damage from hurricane's Milton or Helena* Seller will also consider leasing short or long term.
Source: STELLAR #u8251676
Source: STELLAR #u8251676
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #u8251676
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.